Legible and Tim Urban Partner to Publish Groundbreaking New Digital-Only Book

Legible Inc. (CSE: READ) (FSE: D0T) (OTCQB: LEBGF) ("Legible” or the “Company”) is proud to announce that it has partnered with Tim Urban, world-renowned writer and thinker behind the popular blog Wait But Why, to produce his new book "What’s Our Problem?: A Self-Help Book for Societies" as a digital-only publication.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230202005825/en/

Tim Urban is one of the most sought-after writers and thinkers of our time. “What’s Our Problem?” takes readers on a deep-dive journey to explore the most pressing issues facing society today and offers a roadmap for solving them. Presented in the classic style of Tim’s blog Wait But Why, and packed with original concepts, sticky metaphors, and 300 drawings, the book is guaranteed to be a thought-provoking and entertaining read that will leave a lasting impression on all who read it.

"We're honoured to be working with Tim on this groundbreaking project," said Kaleeg Hainsworth, CEO of Legible. "The Legible team is thrilled to help bring his vision for solving society's problems to a global audience."

Tim Urban’s blog Wait But Why, a long-form website with wry stick figure illustrations, explores the intersection of technology, psychology. The blog has over 600,000 email subscribers, receives millions of unique visitors per month, and has garnered famous fans like Elon Musk. Tim’s 2016 TED main stage talk, Inside the Mind of a Master Procrastinator, ranks in the top five most-watched TED talks with over 65 million views.

"What’s Our Problem?" will be published exclusively in digital format and will be available for purchase in early 2023.

Unit Offering Private Placement

Legible also announces that, further to its January 16, 2023 News Release, it has increased the size of its private placement of units (“Units”) from $550,000 to up to $1,100,000 (the “Private ‎Placement”).‎

In addition, Legible also announced that it has completed the closing of the first tranche of the Private Placement. Legible issued 3,982,727 Units at a price of $0.11 per Unit for gross proceeds of $438,100 (less the finder’s fee of $2,420 for net proceeds of $435,680; $18,000 of which was the settlement of outstanding indebtedness).

Mr. David Van Seters, a director of Legible, subscribed for 81,818 Units and Ms. Shannon Kaustinen, also a director of Legible, subscribed for 81,818 Units under the Private ‎Placement. Legible has determined that exemptions from the various requirements of Multilateral Instrument 61-101 are ‎available for the issuance of the Units (Formal Valuation - Issuer Not Listed on Specified Markets; Minority Approval - Fair ‎Market Value Not More Than $2,500,000).